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US14 billion profit predicted for container lines

Container shipping has gone from doomsday to payday in the space of a few months. Sea-Intelligence has revised for the fourth time this year its EBIT profit forecast for the liner industry as carrier results for Q3 trickle in.

Having initially predicted significant red ink for the container shipping pack at the start of the pandemic in April, the Danish consultancy is now forecasting the liner industry will chalk up a US14 billion profit this year, marking one of the greatest turnaround in fortunes in the history of containerisation.

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